Scott Morrison says Labor ‘wants the government to own your home’ despite praising similar schemes

Prime minister previously suggested shared equity schemes could reduce mortgage stress or upfront cost of buying a house

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Scott Morrison has criticised Labor's new housing policy, saying the opposition wants the government to own your home", despite praising similar schemes in the past.

Ahead of an anticipated interest rate rise on Tuesday, the prime minister has deflected questions about the impact of rising interest rates on mortgage holders, saying Australians have been preparing for a rate hike from the current historically low level of 0.1%.

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